Addenda Capital Inc. boosted its stake in Rio Tinto Group (NYSE:RIO – Free Report) by 27.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 100,677 shares of the mining company’s stock after buying an additional 21,864 shares during the period. Addenda Capital Inc.’s holdings in Rio Tinto Group were worth $6,620,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Courier Capital LLC grew its position in Rio Tinto Group by 109.6% in the 1st quarter. Courier Capital LLC now owns 13,300 shares of the mining company’s stock valued at $848,000 after buying an additional 6,956 shares in the last quarter. 180 Wealth Advisors LLC grew its position in Rio Tinto Group by 6.1% in the 1st quarter. 180 Wealth Advisors LLC now owns 6,302 shares of the mining company’s stock valued at $402,000 after buying an additional 363 shares in the last quarter. Viking Fund Management LLC boosted its position in shares of Rio Tinto Group by 14,385.7% during the 1st quarter. Viking Fund Management LLC now owns 50,700 shares of the mining company’s stock valued at $3,232,000 after purchasing an additional 50,350 shares in the last quarter. DGS Capital Management LLC boosted its position in shares of Rio Tinto Group by 17.0% during the 1st quarter. DGS Capital Management LLC now owns 13,622 shares of the mining company’s stock valued at $868,000 after purchasing an additional 1,980 shares in the last quarter. Finally, GoalVest Advisory LLC bought a new position in shares of Rio Tinto Group during the 1st quarter valued at about $486,000. Institutional investors own 19.33% of the company’s stock.
Rio Tinto Group Stock Performance
RIO stock traded up $0.11 during mid-day trading on Friday, reaching $65.93. 1,756,276 shares of the stock traded hands, compared to its average volume of 2,735,539. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.69 and a quick ratio of 1.17. Rio Tinto Group has a 52-week low of $58.27 and a 52-week high of $75.09. The stock’s fifty day moving average is $68.81 and its 200-day moving average is $68.13.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on Rio Tinto Group
Rio Tinto Group Profile
Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.
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